Turkish biscuit giant Ulker Biscuvi Sanayi AS will sell its 10.5% stake in Turkish supermarket chain BIM Birlesik Magazlar for TRY774.5m (US$507.8m), the company announced in a disclosure to the Istanbul Stock Exchange.

Sabanci Group is planning for the aggressive growth of its separate retail joint ventures with Carrefour and the French retailer's discount arm Dia, the Turkish conglomerate's chief executive told a press conference in Istanbul today (8 March).